Western & Southern Jumps 20 Spots, Ranks No. 401 on Fortune 500

Western & Southern Financial Group •
401 on Fortune 500
The 2020 Fortune 500 list released today by Fortune magazine ranks Western & Southern Financial Group No. 401 (up 20 spots from No. 421 in 2019), with $7.921 billion in revenue for 2019.

Our company is ranked seventh among mutual life and health insurance companies and 18th among the combined mutual and stock life and health insurance companies on the 2020 list.

Western & Southern is one of 27 Ohio companies and eight from the Greater Cincinnati area to make the list – more than any other city in Ohio, Indiana or Kentucky. 

The eight local companies on the 2020 list (2019 ranking noted in parentheses) are: 

Kroger 23 (20)
Procter & Gamble 50 (45)
Fifth Third Bancorp 325 (384)
American Financial Group 483 (427)
Cincinnati Financial Corporation 400 (NA)
Western & Southern Financial Group 401 (421)
Cintas 441 (459)
AK Steel 467 (443)

Fortune uses revenue reported on a statutory accounting basis to rank companies for inclusion on the Fortune 500 list. Because of that, the numbers differ from the GAAP (Generally Accepted Accounting Principles) numbers typically cited in our annual report.

Western & Southern finished 2019 with record results in total revenue, net income, life and health premiums, and annuity sales. This solid performance was significantly aided by the successful integration of Gerber Life Insurance Company into our family of companies. We remain one of the strongest life insurance groups in the world. Our net worth at the end of April 2020 was $10.3 billion, and our capital-to-asset ratio of 17.8 percent is more than double the average capital-to-asset ratio of the 15 largest publicly traded life insurers doing business in the U.S.